Top Crypto Movers PENGU, CFX, BONK Surge

Top Crypto Movers PENGU, CFX, BONK Surge

In this week’s Trader’s Report, market strategist Matthew Dixon breaks down the biggest movers in crypto and the key macro signals driving risk assets, commodities, and digital finance. From triple-digit altcoin gains to tokenized money market funds, this episode covers the stories shaping markets right now.

Top Weekly Performers:

· PENGU (Pudgy Penguins) up ~290% on explosive NFT momentum

· CFX (Conflux) up 170% after RMB stablecoin partnership

· BONK up 140% on aggressive token burns

· ENA (Ethena) up 105% following major exchange listings

· CRV (Curve DAO) up 85% post-V3 protocol upgrade

AI-Driven Crypto Scams Surge 456%

Matthew examines the rise of deepfakes and voice clone scams targeting investors globally, and what traders can do to protect themselves.

Wall Street Goes On-Chain

Goldman Sachs and BNY Mellon announce tokenized money market funds, aiming to deliver lower-cost, real-time settlements to traditional finance.

The GENIUS Act Becomes U.S. Stablecoin Law

Passed on July 18, the act requires 1:1 fiat backing, audits, and dual oversight — setting the foundation for compliant stablecoin growth.

Macro & Economic Updates:

· Fed Rates: Expected to hold steady at 4.25–4.50% through 2025, with cuts unlikely

· Key U.S. Data Ahead: Q2 GDP, core PCE inflation, ISM PMI, and jobs data will define short-term market sentiment

· IMF Outlook: Updated World Economic Outlook coming July 29 with revised global growth and inflation risks

· EU–U.S. Trade Deal: Tariffs capped at 15%, unlocking $600B+ investment commitments

· Oil Prices: Dipping to $65–68/bbl on U.S.–China growth worries

· UK Outlook: IMF warns of sluggish growth, recommending higher taxes or spending cuts

· S&P Global & Deloitte: Forecast a softening U.S. economy by year-end with stubborn inflation pressures

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